Dallas, Texas (PRWEB) July 10, 2014
The Global Authentication market comprises software and hardware authentication solutions. Despite the respective advantages and disadvantages of software and hardware authentication solutions, the segments are expected to coexist. Some industries that are more cost conscious will adopt software authentication solutions, whereas large enterprises with traditional setups will adopt hardware authentication solutions. Hence, vendors are introducing a unified platform that can provide both hardware and software authentication solutions. This unified platform will also help authentication vendors reduce costs since they would not need to maintain separate platforms and modules. Additionally, this could help increase the adoption of hardware OTP token authentication solutions as a unified platform to enable end-users to switch easily to other hardware OTP token authentication solutions.
Analysts forecast the Global Hardware One-time Password Token (OTP) Authentication market will grow at a CAGR of 9.96 percent during the period 2014-2018. According to the report, the growth of the Global Hardware OTP Token Authentication market is supported by several drivers, a major one being the increased dependence on websites and web applications for transactions, which has led to numerous cyber-attacks. Many financial companies currently provide online facilities and features for their customers. Hence, they have to empower their customers with strong authentication solutions such as hardware OTP tokens, which can provide a high level of security when compared with traditional single-factor authentication solutions.
This report covers the present scenario and the growth prospects of the Global Hardware OTP Token Authentication market for the period 2014-2018. To calculate the market size, the report considers revenue generated from sales of hardware OTP tokens. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Hardware OTP Token Authentication market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
The report recognizes the following companies as the key players in Global Hardware One Time Password (OTP) Token Authentication Market: Gemanlto N.V., RSA Security Inc., SafeNet Inc., VASCO Data Security International Inc., ActivIdentity Corp., Deepnet Security Ltd., Entrust Inc., Gemalto N.V., ID Control, RSA Security Inc., SafeNet Technology Ltd., Symantec Corp., VASCO Data Security International Inc., Yubico AB.
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Key Market Driver
- Increased Dependence on the Internet for Transactions.
Key Market Challenge
- Increased Acceptance of Software Authentication Solutions.
Key Market Trend
- Emergence of Unified Platform for Different Authentication Solutions.
Further, the report states that one main challenge that hinders market growth is the acceptance of software authentication solutions owing to their ease of use and low installation costs. These are also being widely adopted in non-traditional industries, which affect the demand for hardware OTP tokens.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
06. Market Landscape
06.1 Market Overview
06.1.1 Product Lifecycle of Global Hardware OTP Token Authentication Market
06.2 Market Size and Forecast
06.3 Five Forces Analysis
07. End-user Segmentation
08. Geographical Segmentation
09. Market Attractiveness
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
21 - List of Exhibits
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